Follow Our FB Page << >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...

what is the reserve & surplus ?

what is the reserve & surplus ?..

Answer / maruthimuralidharan

whatever the profit earn by the company or excess of income over expenditure is known as surplus. 

keeping a portion of profit in anticipation of huge expenses and losses in future is known as reserve

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

Explain a time when you have not met your goal?

0 Answers  

What is the nature of bank account: a) nominal b) real c) personal

29 Answers   IBM,

What will be the journal entry for good lost by fire. How many entries will be passed in the books of account for the same.

29 Answers   IBM, MTM,

What is accounts receivable?

0 Answers  

How to void a payment

0 Answers   Accenture,

How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.

0 Answers  

what is Purchase Book & sales Book?

0 Answers   EDS,

I am working in govt. sec. How to make journal entry in books for Fix Deposit

0 Answers   SBS Institute,

Please explain about wages control account?

1 Answers  

where unclaimed dividend will come in the balance sheet?

5 Answers  

Journal entry for Salary paid 100000/- in which (1)pf (2)esi (3) professional tax included

2 Answers   BPO,

 A firm pays commission to its manager @10%on profits arrived at after charging such commission.What will be the amount of commission if the profits before charging such commission is Rupee 22,000?

2 Answers